The first order of business when filing a Connecticut LLC is to name your business. Here are some things to consider when naming your business.
Your business name should be distinguished from any other business registered under the Secretary of State of Connecticut. This name should also include the word ‘Limited Liability Company’ or ‘L.L.C.’ or ‘LLC’. You can alternatively abbreviate ‘Limited’ to ‘Ltd.’ and ‘Company’ to ‘Co.’
Once a name has been selected for your Connecticut LLC, you can check it against the state’s business name research database ensure that it has not been taken. An Application for Reservation of Name can be mailed to the Secretary of State to reserve your business name for 120 days. A filing fee of $60 is required.
When starting an LLC, a Registered Agent is a mandatory requirement that must be completed before your actual business registration.
As an LLC, your Registered Agent will be your business’ representative, and will accept service of process on your behalf even before registration. Your agent can be an individual who resides in the state, or a business entity that has the authority to conduct business in Connecticut.
You can hire a Registered Agent service and pay up to $160/year, or get a Connecticut Registered Agent free of charge when you incorporate your LLC with IncFile. This is $100 less than other online incorporation services.
The meat of this guide will walk you through registering your business as a legal entity recognized by the state of Connecticut. You are able to do this when you register an LLC in Connecticut to the Secretary of State through an Articles of Organization.
You can download a copy of the Articles of Organization form and fill it out completely. Make sure to verify all information before filing your LLC. You can send the form through mail on the address specified.
LLC Filing Fee: $120
An EIN is an important component when starting your business. An LLC employer identification number is your business’ identification. It is used not only for tax purposes, but also as you conduct business activities, which will become an invaluable part of your day-to-day operations.
A Connecticut EIN can be obtained through online application through the IRS website.
As a new business owner in Connecticut, you need to keep your business and personal finances separate by opening a separate bank account. This keeps your finances simple and separate in the eyes of the law.
Another important thing to note is that opening a business account can help you keep finances on track. You should still monitor your financial ins and outs, putting profits and assets where they belong.
There are many options available from Bank of America to Chase. For a quick outline of the best place to open a business bank account, see this quick review.
After you have followed the steps above, you are now registered as a legal Connecticut LLC business entity. However, here are a few additional mandatory and recommended steps to guarantee that your business can maintain legal operations. This will also guarantee that you can withstand competition over time and succeed in the future.
A business plan gives you a better grasp on how you can push your Corporation towards progress and success.
A business plan is the guiding light of your business. It is equally important as any required document when forming a Corporation. You can begin writing a business plan now using the resources below.
Every business looking to operate in the state should be mindful of Connecticut’s LLC tax and business licenses. When incorporating an LLC, you are required to follow Connecticut’s LLC tax obligations.
You are also required to manage your business licenses. There are numerous requirements related to your business license and taxes, so make sure you are prepared as you start your LLC.
Use our Connecticut Business Taxes guide to fulfill your state tax obligations and then follow it through with our Connecticut Business Licenses and Regulations guide for your business licenses.
As part of the requirements for operating and maintaining an LLC in Connecticut, you are required to file for an annual report every year your business operates.
This is to ensure that you are complying with state regulations. An annual report must be filed online during your LLC’s anniversary month. Be prepared to pay a $20 filing fee.
These days having a professional website is important, especially if you want to be taken seriously. Using WordPress, you’ll be able to build a professional yet simple website for your LLC in minutes.
Recommended Resource: Learn more about WordPress and get started through this step-by-step guide. It will walk you through the entire process.
This guide on how to form a Connecticut LLC is not meant to be legal advice and is for informational purposes only. If you have any questions about the specifics of forming an LLC or starting a new business, you should ask a lawyer.